is it possible to obtain a $0 down home loan if you have good credit but no down payment? Ca 1st time buyer?

Posted on Oct 11, 2012 in Stated Income Loans

Question by Sea: How can you refinance you home when your underwater by 100k?
And the mortgage company has denied the Obama refinance?

Best answer:

Answer by Rick B
You can’t. You will have to stick to your original agreement.

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Question by Alutiiq Beauty: If Citibank files for bankruptcy, order because that is the news going around the banks, what about mortgage holders?
CitiBank is one of the largest mortgage holders for America, what is going to happen to all the people who owe money for the mortgages on a home? What do you think? Honest opinions/knowlage please

Best answer:

Answer by JoJo31
With the current Home Mortgage situation the Government will take over the bank and you will pay your mortgage to them or one of their entities. No way are you going to get out of paying your mortgage.

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Question by joey: is it possible to obtain a down home loan if you have good credit but no down payment? Ca 1st time buyer?
I make good money and have very stable employment, viagra order but in California it is still very difficult to obtain a down payment on a home. I hear that Ameridream is a possibility? Does anyone know? thanks.

Best answer:

Answer by v b
The only way to have a down payment is to spend less than you make and save the difference.

After the current meltdown, no bank is going to loan you this much money based on your salary.

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2 Comments

  1. You’re dreaming. If you don’t have at least 20% down, you’re stuck. Anyway, that’s been the norm in California. Now, who knows what will happen.

  2. Uh, I don’t know ameridream, but have you been watching the news on this planet!!! Credit crunch!! Even respectable businesses are having trouble floating loans. Back in the day, a house was the American dream. Now it seems to be the American entitlement. Be a responsible citizen. Save up for your dream home. Best of luck to you, but I suspect the days of free lunch are over.